Gakujo makes loss in Q1 2019

Tokyo-based Gakujo Co. Ltd has released its financial results for the first quarter of the fiscal year ending October 2019.

President and representative director, Kiyokazu Nagai, reported that net sales for the period were ¥801m, up 17.9% on last year. However, the company’s made a loss of ¥111m. Nagai-san is forecasting full year net sales of ¥7,100m and net income of ¥1,291m.